Don't you think it's likely that we'll see a reversal here (even if temporary) that we can take advantage of ? This price level, if we stay below, bears will try to repeat the sell opportunity that was successful the previous time, and the ones that were not on board for the previous short will like to try their chances now.
On top of the , we are at the 0.618 of the previous move down and we can see on the .
Personally I will look for an additional confirmation like a reversal candle or a , which even raises the chances of being right.
What do YOU think ?
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Just one of those losing trades, which is part of trading.
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